that make it an attractive option. Marbella guarante es sunshine for +320 days a year Now that you’ve said hello to the world, it’s time to introduce yourself. Your first blog post is a chance to tell readers who you are with a short bio, as well as share what your blog is about and why you are blogging. You can include something personal or funny, or add a photo of yourself or your business. Give your readers an idea of what to expect in upcoming blog posts. What are the costs and taxes involved in buying a Spanish property? Buying a property in Spain entails certain costs in addition to the purchase price. As well as taxes, you'll need to pay fees for professional services. As a result, the total can add up to between 10% and 15% on top of the purchase price. Don't forget to factor this figure into your budget for the purchase. In this article, we list all the taxes and costs involved in buying a property in Spain and how much you can expect to pay for each one. We'll assume you're buying a home to live in and not a commercial property, as this makes a difference to the taxes to be paid. Note that some taxes on buying a Spanish property vary from region to region – those in this article refer to the Costa del Sol in Andalucia. Taxes on buying a Spanish property Spanish property taxes vary depending on whether you are buying a new home or a resale property. New refers to a property that has never changed hands before – in this case; it is usually sold directly by the developer. Resale refers to homes that have been sold at least once before. This includes new properties that were bought by banks or taken on by them in case of default on mortgage payments, for example. Expect to pay between 8% and 11.5% in taxes on a property purchase in Spain. New Developments - properties You are liable for two taxes when you buy a new-build property in Spain: VAT (IVA in Spanish) levied at 10% of the purchase price. For example, if you're buying a new-build villa in Marbella that costs €950,000, you are liable for the payment of €95,000 for VAT. Stamp duty (legal documentation tax/ AJD in Spanish) at 1.2% of the purchase price. In the above villa example, you would have to pay €11,400 in AJD. Between them, VAT and AJD add 11.5% to the cost of buying a property in Andalusia. Resale properties There is only one tax levied on resale property purchase, and that is transfer tax (Impuesto de Transmisiones Patrimoniales/ITP in Spanish). The amount due depends on the price of the property and on a sliding scale. On the Costa del Sol, transfer tax was simplified at a flat rate: 7 per cent on all properties Transfer tax is also levied on other property types such as a garage space in a car park. In this case, it's applied as a sliding scale as follows: 8 per cent on garage spaces up to €30,000 9 per cent on garage spaces priced between €30,000 and €50,000 10 per cent on garage spaces priced over €50,000. ITP adds between 8% and 10% to the cost of buying a property on the Costa del Sol. Costs of buying a property in Spain As well as paying taxes, you have to pay fees for services when you buy a home. They include the following: Notary fees The notary charges for preparing the title deeds for the sale and witnessing the signature of the deeds by both parties. Fees are calculated depending on the purchase price and the complexity of the title deeds – for example, purchases with a mortgage attract higher notary fees. Factor in 1% of the price, although you will probably pay around 0.5%. Land Registry fees The Land Registry (Registro de la Propiedad) officially records the ownership of the property in your name once the purchase has been completed. For this, fees of between 0.5% and 1% are charged, depending on the purchase price and whether a mortgage is involved. Legal fees Using the service of a lawyer during the purchase process is highly recommended. Expect to pay around 1% of the price for legal services, more if the purchase involves complex negotiations or legalities. Estate agent fees Real estate agency fees are usually paid by the seller. Fees range from 2% to as high as 10% (or more) depending on the type of property and whether the agent has an exclusive contract to sell the property. However, since real estate agency fees are usually included in the purchase price, you don't need to budget separately for them in your calculations. Gestoría  fees Buying a property in Spain involves some paperwork, and it is usual practice to use a gestoría  (paperwork and administrative services). The gestoría is responsible for a number of tasks including: Ensuring taxes are paid on your behalf. Collecting the deeds from the Notary and taking them to the Land Registry for registration in your name. Registering you for local council taxes and community charges. Transferring utility supplies to your name and setting up a direct debit for their payment. A gestoría  generally charges a set fee for their services, and it starts at around €100. Banking costs If you're transferring money to Spain from your bank account in your home country, you may incur fees on the transaction, particularly if you're transferring from a different currency to euros. Using the services of a specialist currency exchange broker can reduce bank charges – shop around for quotes. Banks also charge for issuing the banker's draft used to make the payment for the property when you sign the title deeds at the Notary. Charges for this can be high (don't be surprised if you're charged 0.5% of the cheque's value) but are negotiable. Check with your bank before you order a banker's draft to avoid unpleasant surprises. Mortgage fees If you're using financing to buy your property in Spain, you'll need to include bank charges in your budget. You'll have to pay for a valuation – this usually costs around €500 – plus the mortgage costs themselves. These depend on the type of mortgage and the amount loaned, but as a general rule, expect a fee of 1% of the mortgage value. Get expert advice Understanding which taxes and costs are involved in a property purchase on the Costa del Sol is just part of the buying process. At Realista, we offer comprehensive advice and information throughout the entire process. Get in touch to find out how we can help you buy your dream home on the Costa del Sol. Would you like to know more? Just contact us and we'll get right back you. Conclusion In conclusion, buying a property in Marbella can be a great experience and a good investment, but it is advisable to be aware of the potential pitfalls and avoid them. Working with trusted professionals, doing thorough research on the property and the area, and planning for all costs and taxes can all contribute to a successful and stress-free purchase. M&W Real Estate has been advising clients on the purchase and sale of real estate for many years. We are a leading real estate agency in Marbella with a reputation for professionalism and integrity that we have earned over many years in the real estate business in Marbella. We are committed to providing an exceptional experience for buyers and sellers and strive for the highest professional standards in our industry. Throughout the buying process, we make sure that all the steps are thoroughly explained so that there is no need for a problem.

Marbella-Costa del Sol-Spain is synonymous with eternal summer, tourist attraction and properties Probably the most famous Properties in Marbella on the Costa del Sol exudes an indescribable charm, not least because it has retained a surprising amount of its originality. Discover these sights in Marbella and see for yourself Marbella-Costa del Sol,Puerto Banús, one of the main tourist attractions in the municipality, is home to an exclusive leisure area within the excellent facilities of its marina. Marbella is also a paradise for  golf lovers . A dozen magnificent courses allow you to practise this sport against the unique backdrop of both the sea and the mountains. The city's old quarter, set in a beautiful bay, is an absolute delight, with typically Andalusian whitewashed houses and orange trees adorning the streets and squares. An ideal setting for sampling the succulent recipes of the local gastronomy. Marbella  is, on its own merits alone, one of the main destinations on the   Costa del Sol . Its wonderful climate, beaches, natural environment and excellent sports facilities are just some of the multitude of attractions offered by this town on the Malaga coast.The high quality of its infrastructures is demonstrated by Puerto Banus , one of the most iconic places in Marbella. Surrounded by exclusive developments, this famous marina attracts some of the largest and most luxurious yachts in the world every year. Its facilities include a select  leisure area  including restaurants, facilities and shops offering  major international fashion brands  and luxury items.From  Cabopino  to  Guadalmina , Marbella offers visitors 26 kilometres of beautiful coastline studded with sunny beaches and all kinds of services, including modern hotels,  residential developments , shops and restaurants. The b eaches at   San Pedro de Alcantara , an important town less than ten kilometres from Marbella, are a fine example of harmony between nature and tourist development.Sports lovers will be in paradise in Marbella. It boasts a multitude of magnificent  golf courses  where you can play at the highest level at any time of year, surrounded by exceptional natural beauty.Those who prefer water sports  will find three ports  in this town where they can get to know whichever specialty they want.Marbella also boasts riding schools , tennis clubs  and other activities catering to the most diverse tastes. And we can't forget the enormous possibilities for all kinds of  outdoor sports  offered by the Sierra Blanca mountain range.- Marbella's old town Marbella's old quarter is located at the foot of the Sierra Blanca mountains, facing a beautiful bay. Its beautiful layout displays its traditional Andalusian character, with neat whitewashed facades adorned with bars and geraniums, and orange trees growing on every corner.The heart of the town is the  Plaza de Los Naranjos , dating from the Renaissance period, which is flanked by elegant buildings such as the  town hall  (16th century) and the  Casa del Corregidor  (17th century).The Plazuela de la Iglesia square is home to the Iglesia Mayor de la Encarnación  church, dating from the 16th century. It also features one of the towers that were part of the city's old Arab fortress , built in the 9th century.There are abundant traces of the Roman origins of the city in the many archaeological sites  dotted around the area, including the Paleochristian Vega del Mar basilica, the Roman baths at Guadalmina and the  Roman villa at Río Verde .Marbella's extensive cultural offering is completed by the  Museum of Spanish Contemporary Engraving , which is considered the finest gallery of its kind in Spain. Located in the 16th-century Hospital Bazán, it houses an impressive collection of 19th- and 20th-century engravings, with works by masters such as Picasso, Miró and Dalí. Gastronomy, festivities and the surrounding area Marbella gastronomy is famed for its fried fish, A joblanco   (chilled soup with almonds, garlic and olive oil) and   gazpacho ,  along with many other delicious offerings. The area produces excellent dessert wines under the Malaga Designation of Origin .The festivities in Marbella's year include its Feria fair and the Festivities of San Bernabé , which take place during the first fortnight of June. The programme includes concerts, bullfights and other activities.Other important dates in its calendar include Easter Week  and the festival of its patron saint, San Pedro de Alcántara, in October.Marbella is a perfect base for countless excursions along the Costa del Sol. The traditional mountain town of Mijas is just a few kilometres away, with its coast offering a wide range of tourist attractions. Other towns with strong tourist traditions include Torremolinos , Estepona,   Benalmadena  and Fuengirola . Nature offers incredible landscapes in the  Sierra de las Nieves Nature Reserve , in the midst of the Serranía de Ronda mountain range. Other important towns close to Marbella and nestled in the Sierra Blanca mountain range include  Istán , which is famous for its springs, and   Ojén , with its great ecological wealth.